time to explain to my accountant where all the free money is coming from lol

cypherpunk wannabe, engineer working on @frames /open-frames /opencast
https://stephancill.co.za create stories at https://stories.steer.fun

i’m the dude. i make art. i make memes. but, i don't make money. 

be thankful you don’t live in ireland 😂

23. Co-founder of @beliefs. Collaborator at /frogfm.

Seem like regular coinbase complianxe questions, is it?

I feel like the physical analogue to an airdrop is a “gift”

And something wild I didn’t know about US tax law is that by default the *donor* of the gift is responsible for paying the tax on it (sorry @jacek)

building /bracket | hosting /greatbooks + /gray | ex-BCG, ex-PHD | poli + phil + econ

I used to rack my brain and have long discussions with accountants about this stuff - not worth the stress and legwork

I’ve come to terms with the interpretation that in the vast majority of cases when you receive money in crypto without paying for it it’s income

omg i don’t want to reach that moment of next year for me lmao

how are you going to explain this 😂😂

Tell them you replyguy for a living and that’s your income

earning money is not too difficult now a days. but How you earn that money is the real matter

This is exactly what that’s like 😆

All those 2021 airdrops, yield farming, and rebasing tokens, took forever to get it all sorted out

Income sources are diverse, legal, and steady.

also ask them where my tax go i want it in blockchain too if not im not going to pay tax lol

It would be interesting if you told them you own a gem mine 😂😂

You should definitely get your accountant on here that’s the only way you can properly explain 😂😂

Im planning to do this for my self. But keep forgot, from where i got the money, and where is my money gone 😂

So what do you mean you cast for a living?😂